Were you around in 1980 when IBM had 80% or more of the worldwide computing market and were getting sued by the DOJ for anti-trust violations ??
They are like HP basically two once great companies who are shells of their former self , I’ll give them credit for actually surviving when the majority of their competitors from that era haven’t
It’s like owning the Weather Channel, which has nothing to do with the computer industry and indicates a company who makes investments in things that have no connection to the core business
“Were you around in 1980 when IBM had 80% or more of the worldwide computing market and were getting sued by the DOJ for anti-trust violations ??:”
Yes I was. I transitioned my company’s computer systems from mainframes to mid-range and mini-computers, to networked database client server operations, over twenty years.
Yes, IBM is not the company they used to be.
But here is another chart that explains how all that is regardless of a good stock value, which is what boards of directors are supposed to be focused on - the fiduciary responsibility to stock holders.
https://www.macrotrends.net/stocks/charts/IBM/ibm/stock-price-history